Columbus Porsche Dealership - Should I Buy or Lease My New Car?

When you head to our Porsche, Audi, Volkswagen, Subaru, and Jaguar dealership in Columbus, you will find an extensive inventory of new cars and the option to buy or lease. There are benefits and drawbacks of each choice depending on how much you drive, your financial situation, and your long-term goals.

Benefits of Leasing a Car from Our Columbus Audi Dealership

Leasing allows you to trade up to a new Audi, Porsche, or Volkswagen regularly to ensure you are getting the latest in advanced safety and technology features. It also offers the following benefits:

Lower Monthly Payment - Leasing will typically get you a lower monthly payment than you would if you were to purchase the same car. You could also opt for more upgrades or add-ons while staying in your budget!

No Need to Worry About Selling or Trading In - When the lease term ends on your vehicle, all you have to do is drop the car off at our Columbus dealership!

Car Remains Covered Under Warranty: As many lease terms last three years, you will likely stay under the vehicle’s warranty. This brings greater peace-of-mind to drivers!

Small Down Payment - This is an excellent benefit for consumers that do not have a lot of money saved for a down payment. Many leases have nothing due at signing, making it easier to get behind the wheel!

Downsides of a Car Lease

?       Mileage restrictions

?       Excess wear, damage, or customization fees

?       Ride-sharing restrictions on Uber or Lyft

?       No chance to build equity

?       Need for excellent credit

?       GAP insurance is usually required

Benefits of Buying a Car from Our Columbus Volkswagen Dealer

Whether you buy your new Volkswagen, Jaguar, or Subaru outright for cash or pay it off with financing through a bank, you own your car! Car ownership also allows you to build equity as you make your car payments. Ownership includes a variety of benefits for drivers including:

No Monthly Payments After You Pay Off Your Car - After your purchase your car outright or pay off your auto loan, you can look forward to no more monthly payments! All you have to worry about is paying for fuel, maintenance costs, and insurance, leaving you room in your budget for other things!

No Mileage Restrictions - As leasing often comes with mileage restrictions, buying gives you the opportunity to put as many miles on your vehicle is you would like. This type of freedom is great for drivers who need to commute for work or like to take regular road trips!

No Customization or Excess Wear Fees: When you own your ride, you can customize it to your liking! These can add value to your vehicle if you choose to sell it. Buying also helps you avoid potential fees lease customers may face when they miss regular service intervals or choose to sell the car.

You Don’t Need Excellent Credit - If your credit isn’t great, it may be more difficult for you to lease a car. Buyers are more likely to get a car loan without perfect credit, even though it may come with a higher interest rate.

Downsides of Purchasing a Car

?       More expensive in the short-run

?       Down payment may be needed

?       Depreciation may make it worth less than you owe

Your decision may also depend on available incentives for your specific vehicle. Talk to our finance specialists today for more information on advantages and drawbacks of buying or leasing and for help through the entire process of getting behind the wheel of your dream car!

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